Nasdaq continue to ride the 2010-2011 Peak's Upper Trend Line.
VXN's range is disturbing as it broke the 19 level. 13s are now open
for a potential blowoff.
Banging its head repeatedly, it has been difficult to ease into a
SELL position that can be held... new highs, larger negative divergences.
Straddling the Upper Boundary on the Weekly chart remains the trade
for NQ.
It has lost all momentum, making a lower low in trend - only to reverse
and make new ATHs.
Semiconductors were the leader for NQ - MU AMD INTC NVDA AMAT AVGO
TXN QCOM ASML TSM all had large CALL BUYING to wreck the NQ Sellers.
SOXS holders as well, a large destruction of Price to new lows.
The RANGE is extreme, the Upper Trend Line now 10 years in uptrend,
remains the Sell Off Level.
Position - 0
VXN's range is disturbing as it broke the 19 level. 13s are now open
for a potential blowoff.
Banging its head repeatedly, it has been difficult to ease into a
SELL position that can be held... new highs, larger negative divergences.
Straddling the Upper Boundary on the Weekly chart remains the trade
for NQ.
It has lost all momentum, making a lower low in trend - only to reverse
and make new ATHs.
Semiconductors were the leader for NQ - MU AMD INTC NVDA AMAT AVGO
TXN QCOM ASML TSM all had large CALL BUYING to wreck the NQ Sellers.
SOXS holders as well, a large destruction of Price to new lows.
The RANGE is extreme, the Upper Trend Line now 10 years in uptrend,
remains the Sell Off Level.
Position - 0